How market bubbles have emerged throughout history?
| dc.contributor | Aalto University | en |
| dc.contributor | Aalto-yliopisto | fi |
| dc.contributor.advisor | Kitti, Mitri | |
| dc.contributor.author | Palmqvist, Kasper | |
| dc.contributor.department | Taloustieteen laitos | fi |
| dc.contributor.school | Kauppakorkeakoulu | fi |
| dc.contributor.school | School of Business | en |
| dc.date.accessioned | 2022-10-16T16:01:40Z | |
| dc.date.available | 2022-10-16T16:01:40Z | |
| dc.date.issued | 2022 | |
| dc.description.abstract | Inflating asset prices and following crashes pose a great threat to economies of the world. Bursting of a market bubble can lead to millions being unemployed and such disastrous events can have long- lasting adverse effects on economy and citizens’ welfare. In a global world, these financial crises tend to spill and cause distress for the whole world’s economy. While market bubbles have been widely studied, this phenomenon continues to be something that we cannot reliably measure nor prevent beforehand. In this thesis, I will go through reasons and characteristics of market bubbles as well as models trying to explain the dynamics of market bubbles. By comparing presented theory to historical examples, I aim to give a comprehensive overlook on how market bubbles have emerged throughout history. To reach this objective I first discuss factors that drive markets to bubbles, then go through theories on how bubbles can sustain themselves and finally introduce historical examples of significant market bubbles. This thesis will be conducted as a literature review by presenting both economic research and financial history around the topic. To narrow the topic, only stock market bubbles will be considered in this thesis. | en |
| dc.format.extent | 24 + 2 | |
| dc.format.mimetype | application/pdf | en |
| dc.identifier.uri | https://aaltodoc.aalto.fi/handle/123456789/117084 | |
| dc.identifier.urn | URN:NBN:fi:aalto-202210165872 | |
| dc.language.iso | en | en |
| dc.programme | Taloustiede | en |
| dc.subject.keyword | bubbles | en |
| dc.subject.keyword | stock market bubbles | en |
| dc.subject.keyword | financial history | en |
| dc.subject.keyword | stock market | en |
| dc.title | How market bubbles have emerged throughout history? | en |
| dc.title | Kuinka markkinakuplat ovat syntyneet läpi historian? | fi |
| dc.type | G1 Kandidaatintyö | fi |
| dc.type.ontasot | Bachelor's thesis | en |
| dc.type.ontasot | Kandidaatintyö | fi |
